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SCHEDULE 3 - DISTRIBUTED ENERGY RESOURCES INTERCONNECTION PROCESS <br />aggregated payments shall be paid to the Area EPS Operator within twenty (20) <br />Business Days. If the balance between the actual cost and previously aggregated <br />payments is a credit, the Area EPS Operator shall refund the Interconnection <br />Customer within twenty (20) Business Days. <br /> <br />11.4.4Final Interconnection Costs without Facilities and Upgrades Needed <br />Within thirty (30) Business Days the final invoice for the interconnection costs <br />shall be rendered to the Interconnection Customer once the proposed DER <br />system has been commissioned by the Area EPS Operator, or upon the <br />commissioning being waived by the Area EPS Operator. The Interconnection <br />Customer shall make payment to the Area EPS Operator within twenty-one (21) <br />Business Days of receipt, or as otherwise stated in the Uniform Contract or <br />MMIA. <br /> <br />11.5.Security of Payment <br />At <br />payment of interconnection <br />cost. <br /> <br />Under the Traditional Security method, the Interconnection Customer shall provide <br />reasonable, adequate assurances of credit, including a letter of credit or personal <br />guaranty of payment and performance from a creditworthy entity acceptable under the <br />Area EPS Operator credit policy. The letter of credit shall also include procedures for the <br />unpaid balance of the estimated amount shown in the Interconnection Agreement for <br />the totality of all anticipated work or expense incurred by the Area EPS Operator <br />associated with the Interconnection Application. The payment for these estimated costs <br />shall be as follows: <br /> <br />One-third of estimated costs, shall be due no later than when the Interconnection <br />Customer signs the Interconnection Agreement. <br /> <br />An additional one-third of estimated costs, shall be due prior to initial energization <br />of the DER with the Area EPS Operator. <br /> <br />After the project completion, the remainder of actual costs, incurred by Area EPS <br />Operator, shall be due within thirty (30) Business Days from the date the invoice is <br />mailed. <br /> <br />Under the Modified Security method, at least twenty (20) Business Days prior to the <br />commencement of the design, procurement, installation, or construction of a discrete <br />15 <br /> <br />226 <br />